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Journal Article

Disruptions to Russian Energy Supply Likely to Weigh on European Output


Abstract: The Russia-Ukraine war and subsequent oil sanctions from European countries have substantially disrupted the supply of Russian oil and gas. We estimate the effects of these disruptions on European output and find that a decline in the Russian oil and gas supply in 2022 could lead to a sizable drop in European output over 2023–24, though the effect differs across countries and sectors .

Keywords: Oil; Russia; Ukraine;

JEL Classification: Q41; Q40;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2022-11-04

Issue: November 4, 2022

Pages: 4